With a statement made by Xiaomi, he stated that the sanctions decisions of the American government have ended and that they are removed from the black list.
Xiaomi has officially announced its previous victory against blacklist sanctions imposed by America. We conveyed the relevant news to you during the day. In this news, the press release of Xiaomi about the subject to the world is included.
VOLUNTEER STATEMENT ON THE CASE
This disclosure was made voluntarily by Xiaomi Corporation (the “Company” and its affiliates “Group”).
The company’s statements dated 15 January 2021, 31 January 2021 and 14 March 2021 are referred to.
The US District of Columbia District Court issued a final decision on May 25, 2021, at 16.09 (Eastern Standard Time), canceling the US Department of Defense’s designation of Xiaomi as the “Communist Chinese Military Corporation” (CCMC) on January 14, 2021. With the final decision, all restrictions on the authority of US citizens and legal entities to purchase or hold Xiaomi securities have been officially lifted.
As Xiaomi, we would like to thank all our users, business partners, employees and shareholders around the world for the support and trust they have given us throughout this process. We reiterate that we are an open, transparent, publicly traded company operating and managed as an independent company. At Xiaomi, we will continue to provide reliable consumer electronics products and services to our users, and to provide great products at the fairest prices to enable everyone in the world to live a better life with innovative technologies.
Shareholders and potential investors are advised to exercise caution when dealing with company securities.
By Order of the Board of Directors
Lei Jun – President of Xiaomi Corporation
Hong Kong, May 26, 2021